The global regulatory outlook

A speech by Greg Medcraft, Commissioner, ASIC at the American Securitization Forum Conference, 1 February 2010, Gaylord National Hotel Washington D.C.

Today, I have been asked to speak about the global regulatory outlook for securitisation. I will try to keep it short and punchy and leave enough time for questions afterwards. I believe everyone is aware that we need to restore trust and confidence in securitisation.

The IMF has said: “it is important to recognize the many benefits associated with sound securitization. Given the pivotal role of securitization as an alternative and flexible funding channel, failure to restart securitization would come at the cost of prolonging funding pressures on banks and a diminution of credit.”